My theory about forex is that nothing works here, why?
Lets assume that for moving the forex market you need a big account in a real ECN account, so there are few guys who have this, in addition, forex market moves also because movements of stock markets and commodities markets.
So a guy with a big account in forex, stocks or commodities market wakes up in the morning and read a new about some stocks or about some country, and then he decides to buy or to sell, and then the market moves in one direction and thousands of traders win or lose money.
In the other part of the world another guy wakes up and flip a coin toss, and then he decides to buy or to sell, and the market moves again in one direction, and thousands of traders try to explain with their methods why the market moves, but there is no reason, only the will of a few guys!
So... This is my vision about forex market, it is a completely random market, there are no methods, there are no systems, you can only minimize your losses using SLs and hope that when you have luck the price reaches your TP, that's all, this is the reality IMHO.
What do you think?
PS: sorry for my bad english...
Lets assume that for moving the forex market you need a big account in a real ECN account, so there are few guys who have this, in addition, forex market moves also because movements of stock markets and commodities markets.
So a guy with a big account in forex, stocks or commodities market wakes up in the morning and read a new about some stocks or about some country, and then he decides to buy or to sell, and then the market moves in one direction and thousands of traders win or lose money.
In the other part of the world another guy wakes up and flip a coin toss, and then he decides to buy or to sell, and the market moves again in one direction, and thousands of traders try to explain with their methods why the market moves, but there is no reason, only the will of a few guys!
So... This is my vision about forex market, it is a completely random market, there are no methods, there are no systems, you can only minimize your losses using SLs and hope that when you have luck the price reaches your TP, that's all, this is the reality IMHO.
What do you think?
PS: sorry for my bad english...